Since 2020 members of the Ruedi Wealth team have been writing weekly investing and retirement planning columns for our local newspaper, The News-Gazette.
Vanguard’s Principles for Retirement Income research paper caused a bit of a stir this year when it recommended two of its five example retirees should buy an annuity. Let’s take a look at some of the numbers in the paper to see the deal folks are actually getting.
You may have heard me discuss the importance of “rising income investments” in the face of inflation in these columns and on our radio show. I am often using that phrase to describe stocks, but I am sure many people wonder why I call stocks rising income investments and why they are so important to address inflation.
Last week on our radio show we received a text from some super-savers who wanted to know if it was ok for them to save slightly less this year to treat themselves to a Formula 1 Race in Las Vegas. It was a great reminder that the most responsible savers often need “permission” to spend more.
Lately I’ve been noticing several posts with the same features pop up: a retirement account balance, current age, desired retirement age, and the question, “am I cooked?”
A large tax-deferred investment account is a great asset to have when planning your retirement. But it does come with a catch: you have to pay taxes when you pull the money out.
Inflation is something we know will occur during a typical retirement, we just don’t know when or how much. A retirement spending plan that can handle many different types of inflationary environments is essential to retirees.